China’s economic recovery is losing a step after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth
Among economists who expect a downturn, predictions suggests that the US economy will shed some 1.7 million jobs over the next year-and-a-bit — roughly 120,000 a month
The Federal Reserve and European Central Bank forged ahead with interest-rate hikes this week, though Washington policymakers signaled they’re in the final round of their inflation fight
Argentina raised interest rates by 300 basis points as inflation runs at 100%. Price pressures are still elevated in the UK too, but are rising at about a tenth of that pace
This week: euro-zone inflation data are expected to reveal conflicting signals on price growth, China’s purchasing manager indexes will show the strength of factory activity there, and central-bank decisions may feature rate hikes from South Africa to Mexico
A busy week in Brazil begins with the central bank’s survey of market expectations on inflation, which continue to edge further above target through 2025
The peso is down 5.9% since the banking crisis started on March 9, the worst performing among 23 major emerging-market currencies tracked by Bloomberg over that period
In Mexico, the mid-month consumer price report should underscore the obvious: inflation is elevated, well over target and sticky as the headline rate hovers near 7.8% while core readings continue to run above 8%
Polina Kurdyavko, head of emerging markets at Bluebay Asset Management, said she prefers debt from companies with stable profit margins and consistent cash flows — such as hydro utilities in Latin America and certain quasi-sovereign credits with state support